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‘Scrap foreign home ownership thresholds to curb oversupply’

“The thresholds are very odd. Foreigners can buy properties priced above RM1 million in some areas while for other areas the threshold is RM2 million.
 If I had my way, I would actually remove these thresholds or bring them down dramatically, just until we get over this hump of oversupply. I hope the government can bring some rationalisation to the thresholds."

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Johor Rehda: Do away with 15% bumiputra discount

The take-up rate for commercial and industrial properties by bumiputra buyers was low, between 2% and 3%, he said, and this forces developers to hold the unsold units before eventually getting permission from the state government to sell them to non-bumiputra buyers.

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